Earn 5,000 Points or $50 off With Saks Fifth Avenue Amex Offer

Mar 19, 2018

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American Express is back with another fantastic Amex offer at retailer Saks Fifth Avenue. Eligible American Express cardholders can receive $50 off or 5,000 membership rewards points after spending $250 or more at Saks. The American Express Offers program gives Amex cardholders points or cash back bonuses for making purchases with specific merchants.

It appears that the offer is targeted (but still widely available) and only available on personal cards, but it could still be worth checking any business accounts you might have.

Here’s an example of the offer for 5,000 Membership rewards points:

And the other offer for $50 back after $250 in spend:

What’s the better deal? Probably the 5,000 Membership Rewards points because they are worth $95, according to TPG‘s valuations.

The offer expires on April 30, 2019, and is valid in-store or online at Saks.com. You also don’t have to make one $250 purchase, you can actually hit the minimum through multiple transactions.

Note that you’ll have to actually add the offer to your card before you shop to be eligible. You can do so by logging in to your American Express account, heading to the bottom of the account summary page and hitting ‘redeem.’

If you do shop online, make sure to go through a portal to earn extra cash back or miles. Check out CashbackMonitor.com to see compare different rates —  the Chase Ultimate Rewards portal is offering five points per dollar at Saks, which comes out to 10.5% back.

Featured image by Robert Alexander/Getty Images.

Chase Sapphire Preferred® Card

WELCOME OFFER: 80,000 Points


CARD HIGHLIGHTS: 3X points on dining and 2x points on travel, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

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More Things to Know
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®.
  • Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
Regular APR
16.24% - 23.24% Variable
Annual Fee
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
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